Full session and individual speaker proposals are now being accepted for the Mortgage Bankers Association’s Risk Management, QA and Fraud Prevention Forum 2021, taking place Sept. 28–29 via MBA LIVE.
Category: News and Trends
RE/MAX: Cooling Home Sales Bring Some Relief to ‘Frenzied’ Housing Market
The sellers’ market that has characterized most of the market for the past year showed signs of easing up in May, said RE/MAX, Denver.
TransUnion: Majority of Consumers in Accommodation Programs Continue to Make Payments
Enrollment in financial hardship programs grew significantly as a result of the COVID-19 pandemic – to 7% of all accounts for credit products such as auto loans and mortgages. However, a new TransUnion study reported the majority of consumers continued to make payments on their accounts, even when in an accommodation program.
Existing Home Sales Fall for 4th Straight Month
Existing home sales fell for the fourth straight month in May, the National Association of Realtors reported Tuesday, as rising prices and low inventories continue to stymie momentum.
Dealmaker: New York Life Real Estate Investors Originates $145M
New York Life Real Estate Investors originated $145 million for office and industrial assets in Warren, N.J. and Kent, Wash.
Share of Mortgage Loans in Forbearance Falls Under 4%
The share of mortgage loans in forbearance fell for the 16th straight week and is now under 4 percent for the first time since onset of the coronavirus pandemic, the Mortgage Bankers Association reported Monday.
Trepp: ‘Mixed Results’ for CRE Bank Loan Performance
Trepp, New York, reported “mixed results” for bank commercial real estate loan performance in the first quarter.
Paul Martin: The Time for Title Standards Is Now
Over the past several years, the hurdles to creating digital property transactions have been overcome with increasing speed. Between the rising adoption of the Mortgage Industry Standards Maintenance Organization (MISMO) SMART Docs and eNotes to remote online notarizations (RON), today’s housing industry finds itself standing on the precipice of a truly digital future.
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“As more homeowners reach the end of their forbearance term, “we should continue to see the share in forbearance decline. The improving job market and strong housing market are providing support for those who do exit.”
–MBA Chief Economist Mike Fratantoni.
MBA Mortgage Action Alliance ‘Call to Action’ on Secure Notarization Bill
The Mortgage Bankers Association’s grassroots advocacy arm, the Mortgage Action Alliance, issued a Call to Action Monday in support of bipartisan legislation that would allow notaries in all states to perform Remote Online Notarization transactions.